# Moty

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moty

- Industry: Industrial Machinery
- Headquarters: Seoul, South Korea
- Total disclosed funding: $0.4M
- Latest round: Seed (Nov 10, 2023)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2023, Moty operates as a weight manufacturing company that provides its clients with a motor-based digital weight machine named Motyv for industrial applications. In November 2023, Moty raised KRW 500 million in seed funding from new investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. Returning investor Korea Investment Accelerator also participated in the round. As of November 2023, the company is led by its CEO, Bang Ji-won.

Morty is developing a digital weight machine that uses a motor's torque instead of traditional barbell and disc weights. As of 2023, the product is still in development and not yet available for commercial use.

The company will use the November 2023 funding to support its research and technology development.

## Funding rounds

- Seed, Nov 10, 2023, $0.4M — Korea Tech Incubator for Startup, Korea Investment Accelerator
- Seed, Jul 18, 2023 — Korea Investment Accelerator

## Investors

- Korea Investment Accelerator (https://capitalatlas.ai/funds/korea-investment-accelerator) — Seed
- Korea Tech Incubator for Startup — Seed